Top Analyst Downgrades and Stocks to Sell: Crocs, Gold, Target, Tesla and More

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By Jon C. Ogg Updated Published
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Investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. What investors often do not get to see is when analyst downgrade stocks to sell or to avoid. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks, and we have broken out the negative analyst calls today. These are this Thursday’s top analyst downgrades and cautious research notes from Wall Street.

AngloGold Ashanti Ltd. (NYSE: AU) was downgraded to Underweight from Neutral at HSBC.

Calumet Specialty Products Partners L.P. (NASDAQ: CLMT) was downgraded to Neutral from Outperform with a $33 price target at Credit Suisse.

Crocs Inc. (NASDAQ: CROX) was downgraded to Underperform and given a $10 downside price target at Sterne Agee.

Curtiss-Wright Corp. (NYSE: CW) was downgraded to Neutral from Buy at BofA/Merrill Lynch.

Fusion-io Inc. (NYSE: FIO) missed earnings and lowered expectations, prompting downgrades from Nomura and Benchmark and estimate cuts elsewhere. Shares are down 20% and at a 52-week low.

Harmony Gold Mining Co. Ltd. (NYSE: HMY) was downgraded to Underperform from Neutral at HSBC.

Iron Mountain Inc. (NYSE: IRM) was downgraded to Equal Weight from Overweight at Barclays.

Royal Dutch Shell PLC (NYSE: RDS-A) was downgraded to Equal Weight from Overweight at Morgan Stanley.

Target Corp. (NYSE: TGT) was downgraded to Neutral from Overweight at J.P. Morgan.

Tesla Motors Inc. (NASDAQ: TSLA) was downgraded to Equal Weight from Overweight on valuation with a $141 price target at Barclays; shares are up more than 10% after earnings.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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